Agricom.id, JAKARTA - The crude palm oil (CPO) referential product to decide the out fee (OF) in September 2020 is US$ 738,07/metric ton (MT). It gets better US$ 81,09 or 12,34% from August 2020 which was US$ 656,98 /MT.

It is listed in the Regulation of Minister of Trade No. 69 / 2020 about the Export Referential Price Decision on the Agriculture and Forestry Products having Out Fee.

“The CPO referential price is less than US$ 750/MT. The government decided that the CPO OF is US$ 0/MT in September 2020,” General Director of Foreign Trade, Ministry of Trade, Didi Sumedi said, as in the official statement to Agricom.id, Tuesday (1/9/2020).

The CPO OF in September 2020 is listed in the Colom 1, Attachment II, C, Regulation of Minister of Finance No.13/PMK.010/2017 for about US$ 0/MT. The number is the same with the CPO OF in August 2020 which was US$ 0/MT.

Meanwhile the cocoa referential price in September 2020 is US$ 2.392,00/MT, increased 8,89% or US$ 195,34 from the previous month, which was US$ 2.196,66/MT. This influenced to increase the export referential price (ERP) of cocoa seed in September 2020 to be US$ 2.107/MT, increased 9,91%  or US$ 190 from the previous month which was US$ 1.917/MT.

The increasing ERP and referential price of cocoa seed happened for the better price internationally. It does not influence the cocoa seed OF which remains 5%. This is listed in the Colom 2, Attachment II, B, Regulation of Minister of Finance No.13/PMK.010/2017. While the ERP and OF for the wood and skinny products have no change from the previous month. They are listed in the Attachment II, A, Regulation of Minister of Finance No.13/PMK.010/2017. (A2)